Como able to spend €60m on Nico Paz despite expected FFP breach
Quick summary
Como 1907 have spent approximately €60m on Real Madrid attacking midfielder Nico Paz while still expected to breach Serie A's Financial Fair Play (FFP) regulations.
Full article
Attributed to original sourceComo are expected to secure a €60m deal to keep Nico Paz at the Stadio Sinigaglia on a permanent basis, but given that Como are already on the brink of breaking financial fair play regulations, why are they able to fork out such a significant sum so early on in the transfer window?
Why are Como able to spend so much on Nico Paz? According to reports from various outlets on Friday, Real Madrid will activate their €9m buy-back option for Nico Paz, and Como will spend €60m to sign him back immediately . This deal is also expected to include another €80m buy-back option in favour of Real Madrid, which will only be valid in the summer of 2027.
Given that Como have the wealthiest ownership group in Serie A, it is not a question of how the club can afford the signing of Nico Paz, rather how they are able to get around UEFA’s financial fair play rules.
According to La Gazzetta dello Sport , the short answer is that they won’t.
NICO PAZ – APRIL 12: Nico Paz of Como 1907 celebrates after scoring their team’s second goal during the Serie A match between Como 1907 and FC Internazionale at Giuseppe Sinigaglia Stadium on April 12, 2026 in Como, Italy. (Photo by Marco Luzzani/Getty Images) Como have qualified for the Champions League for the first time in the club’s history, which will bring an increase in revenues compared to last season, but this also means that the club will be under fiercer scrutiny from UEFA and their financial sustainability rules.
UEFA will examine Como’s financial accounts in the coming spring. This review will be based on the previous three financial years (i.e. 2023-24, 2024-25 and 2025-26). Like all clubs competing in Europe, Como must not exceed losses of over €60m over that three-year period, and first-team expenses must not exceed 70% of the club’s overall revenues.
La Gazzetta dello Sport reports that Como will ‘inevitably exceed these limits’. Saturday’s report notes that Como were €50m in the red in 2023-24, which shot up to €132m in 2024-25. It is expected that there will be an improvement in the club’s next financial statements for the 2025-26 season ending on June 30, but La Gazzetta dello Sport predicts that losses will still be around €100m.
GENOA, ITALY – APRIL 26: Cesc Fabregas, head coach of Como, looks on prior to kick-off in the Serie A match between Genoa CFC and Como 1907 at Luigi Ferraris Stadium on April 26, 2026 in Genoa, Italy. (Photo by Simone Arveda/Getty Images) La Gazzetta dello Sport claims that Como are now looking at the possibility of entering a settlement agreement with UEFA next year, as has happened with several Serie A clubs in recent seasons, and this could limit the club’s ability to spend for the following three or four years.
UEFA tend to look favourably upon clubs who spend on ‘rational investments’ and upon owners who have a proven track record of injecting funds into their club. Como’s ownership group have reportedly poured €390m into the club since they took over in 2019.
While Como are expected to be in the red by UEFA’s financial fair play rules, the club has no debts with any lenders and boast net assets in excess of €54m. Additionally, Como will be ‘first time offenders’ if they breach UEFA’s financial fair play regulations, and again, there is hope that the governing body will look favourably upon the club as a result.
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What happened
Como 1907 have been one of Serie A's most aggressive spenders in the current window, with the Nico Paz deal from Real Madrid reportedly worth around €60m. The article explains the financial structures and accounting mechanisms that allow the club, owned by the Hartono family and Indonesian interests, to make such large expenditures even when projected to exceed FFP cost controls. The piece examines how amortization, deferred payments, and creative accounting within multi-year contracts can push compliance thresholds into future seasons. The situation raises questions about Serie A's enforcement mechanisms and the competitive balance implications of wealthy ownership groups navigating around FFP.
Chance analysis
This matters because Como's spending model — heavily leveraged on long-term amortization and wealthy ownership — is a test case for whether Serie A's revised FFP framework can actually constrain ambitious projects. If Como can scale to mid-table or higher while running significant financial losses, it could pressure other Italian clubs to pursue similar aggressive recruitment strategies. For prediction purposes, the article signals Como are committing top-flight resources to competitive improvement, but their financial sustainability remains a long-term question mark.
Como's attack is significantly strengthened with a creative young talent, raising their ceiling, though FFP limits may restrict further defensive or squad-wide improvements this window.
Como's €60m Paz investment signals genuine competitive ambition, but FFP constraints may limit squad depth-building in the short term, so expect an unbalanced but talented side rather than a complete roster overhaul.